Payment System Oversight and Risk Management

Introduction

The Payment System Oversight and Risk Management course is designed to provide participants with a comprehensive understanding of payment systems, their oversight, and the associated risks. The course will cover key topics such as payment system compliance, risk management, financial inclusion, consumer protection, innovation, and digital money banking. Participants will gain insights into the evolving landscape of payment systems and develop the necessary skills to effectively oversee and manage risks in this dynamic field.

Objectives

• Understand the fundamentals of payment systems and their role in the economy.
• Gain knowledge of payment system oversight frameworks and regulatory compliance requirements.
• Identify and assess risks associated with payment systems, including operational, liquidity, and cybersecurity risks.
• Explore strategies for promoting financial inclusion through payment systems.
• Understand the importance of consumer protection in payment services and develop strategies to mitigate risks.
• Explore emerging trends and innovations in payment systems, including digital money banking.

Outline

Day 1

 Introduction to Payment Systems and Oversight

• Overview of payment systems and their importance in the economy
• Roles and responsibilities of payment system oversight bodies
• Regulatory frameworks and compliance requirements
• Key stakeholders in the payment system ecosystem

Day 2

 Risk Management in Payment Systems

• Identifying and assessing risks in payment systems
• Operational risk management
• Liquidity management and settlement risk
• Cybersecurity and fraud risk mitigation

Day 3

 Financial Inclusion and Payment Systems

• Promoting financial inclusion through payment systems
• Mobile money and digital financial services
• Innovative solutions for expanding access to payment services
• Regulatory considerations for inclusive payment systems

Day 4

 Consumer Protection in Payment Services

• Importance of consumer protection in payment systems
• Rights and responsibilities of payment service providers and users
• Addressing fraud, disputes, and unauthorized transactions
• Ensuring transparency and fair treatment of consumers

Day 5

 Innovation and Digital Money Banking

• Emerging trends and innovations in payment systems
• Digital currencies and central bank digital currencies (CBDCs)
• Open banking and API-based payment solutions
• Regulatory challenges and opportunities in the digital money banking space